Roger Williams University is named for the founder of Rhode Island, Roger Williams. Roger Williams was a remarkable individual, who deserves much broader recognition in our nation than he generally receives. (A recent book by John Barry, Roger Williams and the Creation of the American Soul, provides a fascinating account of his life.) Suffice it to say, he was a man well ahead of his time. Consider:
Monthly Archives: February 2013
The Folly of Early Action
Early action pressures colleges to award financial aid without information on student need.
Some years ago, a few of the most prestigious colleges and universities adopted a new model for admitting students. Rather than facing a delay of several months after making application before hearing the university’s decision, a prospective student could choose to apply for “early decision.” The very best applicants would learn much earlier in the admissions cycle that they had been accepted – but the catch was that they then had to commit to attend the university that had accepted them. No longer could they wait and compare offers from other institutions. “Early decision” cut both ways: in return for an early answer, the student was obliged to make an irreversible commitment.
The time for bold action by university leaders is now, the credit agency says.
On the 16th of January, Moody’s Investors Service issued a report entitled “US Higher Education Outlook Negative in 2013.” Inside Higher Ed followed with an article on the findings in the report the next day. The report, and the article, were sobering reading for university administrators, and, in some quarters, more than a little frightening.
Moody’s, one of the three major credit rating agencies worldwide, has downgraded its outlook for the entire U.S. higher education sector from stable to negative. Based on a careful analysis of data over the past several years, Moody’s concludes that there is “mounting pressure on all key university revenue sources, requiring bolder actions by university leaders to reduce costs and increase operating efficiency.”